Rita is a surety for Sue's loan from Total Finance Company. Rita's right to "step into the shoes" of Total Finance, after paying Sue's debt, and ex?er?cise any of the Total Finance's rights against Sue is the right of

Question

Quizplus · Accepted Answer

The right of "stepping into the shoes" of Total Finance after paying Sue's debt and exercising any of its rights against Sue is known as subrogation. Therefore, option D is the correct answer. Contribution is the sharing of a debt among multiple debtors, redemption is the repurchase of property, and reimbursement is the repayment of expenses. None of these options are applicable to the scenario described in the question.

Rita Is a Surety for Sue's Loan from Total Finance